Successful production start of OXE300 in Poland
The first OXE300 has been assembled and shipped from PanLinks Polish site at the special economic zone of Tczew.
The development of the production set up for the OXE300 advances according to plan, well in line with the previously communicated goal to start production of OXE300 in Tczew (Poland) under the first quarter this year. Assembly of the first three units has recently been finalized and are waiting to be shipped out. Two more units are expected to be finalized before this week's end. OXE Marine AB (NASDAQ STO: OXE) (OTCQB: CMMCF) personnel are on-site to align the production process with OXE technical requirements.
The initial 20 production units from the assembly in Poland will be sent to OXE Marine AB test facility in Ängelholm (Sweden), where they will undergo rigorous testing, both in test-tanks and on our test boats on the water to ensure that stringent demands on endurance, reliability, power and control are met.
The first shipment of OXE300 produced in Poland is expected to be shipped to distributors in the last week of February.
About OXE Marine AB
At OXE Marine we are driven by the ambition to transform the outboard motor; impacting the journey towards a more sustainable and ecologically positive marine environment. We are passionate, knowledgeable, and reliable. Passionate to commit to innovation and excellence, knowledgeable to recruit and retain high-quality personnel, and reliable to commit to supplying safe, durable, and reliable products and services and to openness and fairness with all our stakeholders. OXE Marine believes in a strong collaborative approach between our teams and partners while being daring and persistent in our passion for excellence. OXE Marine was founded in 2012, and is the company behind a patented outboard transmission, enabling the use of high torque diesel engines on outboard systems and in sterndrive solutions.
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